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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 766 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “the price on your board” is the cost price. (a) True (b) False
  2. 2.It costs ₹20 to make one cupcake. Nisha sells it for ₹39. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs Aarav ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One glass of chai costs ₹53 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.One friendship band costs Gurpreet ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One painted pebble costs Nisha ₹40 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹57 to make one paper bookmark. Kavya sells it for ₹62. What is the profit on one (in ₹)?
  8. 8.It costs ₹18 to make one fruit cup. Riya sells it for ₹31. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.One glass of chai costs Zoya ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One glass of chai costs Dev ₹51 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  15. 15.One clay diya costs ₹18 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  16. 16.One cupcake costs ₹12 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.It costs ₹44 to make one fruit cup. On the last day Aarav sells it for only ₹34. How much is the loss on one (in ₹)?
  19. 19.It costs ₹44 to make one cup of lemonade. On the last day Kabir sells it for only ₹37. How much is the loss on one (in ₹)?
  20. 20.Lakshmi makes 7 friendship bands at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  21. 21.It costs ₹22 to make one cup of lemonade. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  22. 22.Diya makes 23 cups of lemonade at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  23. 23.It costs ₹54 to make one glass of chai. On the last day Riya sells it for only ₹53. How much is the loss on one (in ₹)?
  24. 24.One jute bag costs Ananya ₹20 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.It costs ₹20 to make one friendship band. On the last day Joseph sells it for only ₹17. How much is the loss on one (in ₹)?
  27. 27.One friendship band costs ₹36 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.It costs ₹29 to make one cupcake. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.It costs ₹34 to make one cup of lemonade. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  33. 33.One cup of lemonade costs ₹30 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.One paper bookmark costs ₹50 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.Saanvi makes 16 fruit cups at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  36. 36.One clay diya costs Joseph ₹41 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  38. 38.It costs ₹25 to make one clay diya. Arjun sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.It costs ₹37 to make one glass of chai. On the last day Zoya sells it for only ₹27. How much is the loss on one (in ₹)?
  40. 40.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never

Answer key

  1. False
  2. 19
  3. Profit
  4. 55
  5. Loss
  6. Loss
  7. 5
  8. 13
  9. True
  10. Loss
  11. Loss
  12. what the buyer pays
  13. selling price
  14. cost price
  15. 36
  16. 32
  17. cost price
  18. 10
  19. 7
  20. 49
  21. 12
  22. 345
  23. 1
  24. Loss
  25. False
  26. 3
  27. 49
  28. selling price
  29. 17
  30. False
  31. 6
  32. selling price
  33. 46
  34. 62
  35. 144
  36. Loss
  37. what it cost you
  38. 14
  39. 10
  40. SP more than CP

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